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Finance Secretary George Guvamatanga at centre of US$1 billion kickback storm
['Nyashadzashe Ndoro']
Nehanda Radio
HARARE – The Parliament of Zimbabwe has received reports implicating the Finance and Economic Development Permanent Secretary, George Guvamatanga, in an alleged kickback scheme involving Treasury payments to ministries, departments, and contractors.
According to submissions before the Budget Committee, Guvamatanga who is commonly referred to as “GG”, is accused of demanding between 5 and 10 percent of every payment released by Treasury.
Lawmakers were told that entities refusing to pay such commissions have reportedly faced lengthy delays in receiving funds, even where allocations were budgeted for.
Reports also claim he owns more than 5,000 dairy cattle, extensive dairy equipment, and multiple properties, raising calls for a formal lifestyle audit.
“Over the past six months, Parliament itself has struggled to operate after being denied its budgeted funds by George Guvamatanga.